Super Star Ltd. makes an issue of 10,000 Equity Shares of Rs. 100 each, payable as:

On application and allotment Rs. 50 per share
On first call Rs. 25 per share
On second and final call Rs. 25 per share

Members holding 400 shares did not pay the second and final call and the shares are duly forfeited, 200 of which are reissued as fully paid-up @Rs. 50 per share. Pass journal entries in the books of the company.


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