A company issued 25,000 equity shares of Rs 100 each to public. Amount on shares were payable as follows :
(a) Rs 30 on application, (b) Rs 50 (including premium) on allotment, (c) Rs 30 on first and final call. Applications were received for 60,000 shares. No share was allotted to the applicants of 10,000 shares and their application money was refunded. Remaining applicants were made pro-rata allotment. Ganesh, to whom 250 shares were allotted failed to pay first and final call money, other shareholders has paid with in time. Give journal entries for above transactions in the books of the company.
