ZX Limited invited application for issuing 4,00,000 equity share of `10 each payable at a premium of `10 payable with final call. Amount per share was payable as follows : On Application `2 On Allotment `3 On First call `2 On Final call balance Application for 12,00,000 shares were received. Application for 50,000 shares were rejected and application money was refunded. Allotment was made to the remaining applicants as follows : Category Number of shares applied Number of shares allotted I 2,00,000 1,00,000 II 5,50,000 2,00,000 III 4,00,000 1,00,000 Excess application money received with application was adjusted towards sum due on allotment. Balance if any was adjusted against future calls. Gopal a shareholder belonging to category I, who applied for 4,000 shares paid his entire sum along with allotment. Govind a shareholder belonging to category I , to whom 1,000 shares were allotted paid his allotment money and final call money along with first call money. Madan , a shareholder belonging to category II , who applied for 2,750 shares paid his first call money along with final call. Manohar , a shareholder belonging to category III , to whom 1,000 shares were allotted failed to pay final call money. Pass necessary journal entries for the above transactions in the book of ZX Ltd.