Ankit Ltd. issued 20,000 equity shares of 10 each at a premium of Rs. 2 per share, payable as: 

On Application:Rs. 3
On Allotment:Rs. 5 (including premium)
On First Call:Rs. 2
On Second and Final Call:Rs. 2

Vijay was allotted 500 shares. Pass the necessary Journal entries relating to the forfeiture of shares in following cases.

Case IVijay did not pay allotment money and his shares were immediately forfeited.
Case IIVijay did not pay allotment and first call; his shares were forfeited after first call.
Case IIIVijay failed to pay first call and his shares were forfeited immediately.
Case IVVijay failed to pay both the calls and his shares were forfeited.


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