XY Ltd. Invited applications for issuing 50,000 equity shares of Rs. 10 each. The amount was payable as follows : On Application Rs. 3 per share On Allotment Rs. 4 per share On First and Final Call Rs. 3 per share Applications were received for 75,000 shares and pro-rata allotment was made as follows : Applicants for 40,000 shares were allotted 30,000 shares on pro-rat basis. Applicants for 35,000 shares were allotted 20,000 shares on pro-rata basis. Ramu, to whom 1,200 shares were allotted out of the group applying for 40,000 shares failed to pay the allotment money. His shares where forfeited immediately after allotment. Shamu, who had applied for 700 shares out of the group applying for 35,000 shares failed to pay the first and final call. His shares were also forfeited. Out of the forfeited shares 1,000 shares were re-issued @ 8 per share fully paid up. The re-issued included all the forfeited shares of Shamu. Pass necessary journal entries to record the above transactions.