Mahadev Company Ltd., registered with a nominal capital of Rs. 2,50,000 in shares at Rs. 100 each: 1,500 of which were issued payable as to Rs. 12.50 onapplication, Rs. 12.50 on allotment, Rs. 25 three months after allotment and thebalance to be called up as and when required. All the money upto allotment wereduly received by as regards the call of Rs. 25, a shareholder holding 100 sharesdid not pay the amount due. Another shareholder who was allotted 150 sharespaid them up in full.Pass journal entries and prepare Balance Sheet.

Mahadev Company Ltd., registered with a nominal capital of Rs. 2,50,00

1.	Mahadev Company Ltd., registered with a nominal capital of Rs. 2,50,000 in shares at Rs. 100 each: 1,500 of which were issued payable as to Rs. 12.50 onapplication, Rs. 12.50 on allotment, Rs. 25 three months after allotment and thebalance to be called up as and when required. All the money upto allotment wereduly received by as regards the call of Rs. 25, a shareholder holding 100 sharesdid not pay the amount due. Another shareholder who was allotted 150 sharespaid them up in full.Pass journal entries and prepare Balance Sheet.
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