Sunshine Ltd. invited applications for 50,000 equity shares of Rs. 100 at a discount of 5% payable as follows:
On application Rs. 25, on allotment Rs. 34 and on call Rs. 36. The applications received were for 45,000 shares and all of these were accepted. All money due was received except the call on 2,000 shares which were forfeited. Half of these shares were reissued @ Rs. 92 as fully paid. Pass necessary journal entries and prepare cash book.