Joy Ltd. invited applications for issuing 20,000 equity shares of Rs. 10 each at per. The amount was payable as follows: {:("On Application ",,-,,"Rs. 3 per share"),("On Allotment",,-,,"Rs. 4 per share"),("On First Call and Final Call",,-,,"Balance amount"):} The issue was oversubscribed by three times. Applications for 20% shares were rejected and the money was refunded. Allotment was made to the remaining applicants as follows: {:("Category",,"No.of Shares Applied",,"No. of Shares Allotted"),("I",,"30,000",,"15,000"),("II",,"18,000",,"5,000"):} Excess money receivedwith applications was adjusted towards sums due on allotment.Money in excess to sums due on allotment was adjusted towards sums due on first andfinal call and any money in excess to sums due on first and final call was refunded. Kavi, a shareholder who had applied for 600 shares, failed to pay the remaining allotment money andhis shares were immediately forfeited. Kavi belonged to Category I. Afterwards the first and final call was made. Gupta, who had applied for 400 shares, failed to pay the first andfinal call. Gupta also belonged to Category I. Shares of Gupta were also forfeited after the first and final call. The forfeited shares were reissued at Rs. 12 per share fully paid -up. Pass necessary Journal entries for the above transactions in the books of Joy Ltd.