X Ltd. issued 1,000 equity shares of * 10 each at par payable on 6 on application, 2 on allotment a 2 on call. All amounts are duly received except a holder of 200 shares failed to pay allotment monand call money. His shares were forfeited.Show two Journal entries for money collected on call and forfeiture of shares in the books of the company.

X Ltd. issued 1,000 equity shares of * 10 each at par payable on 6 on

1.	X Ltd. issued 1,000 equity shares of * 10 each at par payable on 6 on application, 2 on allotment a 2 on call. All amounts are duly received except a holder of 200 shares failed to pay allotment monand call money. His shares were forfeited.Show two Journal entries for money collected on call and forfeiture of shares in the books of the company.
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