Raghav Ltd. invited applications for issuing 20,000 equity shares of Rs. 10 each at a discount of 10%. Rs. 4 per share were payable on application and balance after discount on allotment. Applications for 40,000 shares were received. Shares were allotted proportionately to all applicants. An applicant who was allotted 3,000 shares failed to pay the allotment money. His shares were, therefore, forfeited. The forfeited shares were reissued at Rs. 6 per share as fully paid up. Pass necessary journal entries in the books of Raghav Ltd.