BBG Ltd.invited applications for issuing 2,00,000 equity shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows: {:("On Application",,-,,"Rs. 4 per share (including Rs. 2 premium)"),("On Allotment",,-,,"Rs. 5 per share (including Rs. 2 premium)"),("On First Call",,-,,"Rs. 5 per share (including Rs. 3 premium)"),("On Second and Final Call",,-,,"Balance amount"):} The issue was fully subscribed, Raghu, a shareholder holding 1,000 shares, failed to pay the allotment money and Rahim, another shareholder holding 1,500 shares, paid his entire share money along with allotment. Raghu's shares were forfeited immediately after allotment. Afterwards, the first call wasmade, Deenanath, a shareholder holding 500 shares, failed to pay the first call money and Dayal, a shareholder holding 600 shares, paid his second call money along with the first call. Deenanath's shares were forfeited immediately after the first call. Later on the second call was made which was duly received. Pass necessary Journal entries for the above transactions in the books of BBG Ltd.

BBG Ltd.invited applications for issuing 2,00,000 equity shares of Rs.

1.	BBG Ltd.invited applications for issuing 2,00,000 equity shares of Rs. 10 each at a premium of Rs. 10 per share. The amount was payable as follows: {:("On Application",,-,,"Rs. 4 per share (including Rs. 2 premium)"),("On Allotment",,-,,"Rs. 5 per share (including Rs. 2 premium)"),("On First Call",,-,,"Rs. 5 per share (including Rs. 3 premium)"),("On Second and Final Call",,-,,"Balance amount"):} The issue was fully subscribed, Raghu, a shareholder holding 1,000 shares, failed to pay the allotment money and Rahim, another shareholder holding 1,500 shares, paid his entire share money along with allotment. Raghu's shares were forfeited immediately after allotment. Afterwards, the first call wasmade, Deenanath, a shareholder holding 500 shares, failed to pay the first call money and Dayal, a shareholder holding 600 shares, paid his second call money along with the first call. Deenanath's shares were forfeited immediately after the first call. Later on the second call was made which was duly received. Pass necessary Journal entries for the above transactions in the books of BBG Ltd.
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