Please answer this ques

Journal

Particulars

L.F.

Debit

Amount

(Rs)

Credit

Amount

(Rs)

Bank A/c (75,000 * 20)

Dr.

1,50,000

 To Share Application A/c

1,50,000

(Received application money on 75,000 shares)

Share Application A/c

Dr.

1,50,000

 To Share Capital A/c (40,000 * 2)

80,000

 To Share allotment A/c

 To Bank A/c

40,000

30,000

(Transfer of application money to Share Capital and allotment A/c and remaining were refunded)

Share Allotment A/c (40,000 * 5)

Dr.

2,00,000

 To Share Capital A/c (40,000 * 3)

1,20,000

 To Securities Premium A/c (40,000 * 2)

    80,000              

(Allotment due on 40,000 shares at a premium of Rs 2 per share)

Bank A/c ()

Dr.

1,70,000

 To Share Allotment A/c

 To Calls in advance A/c (2000 * 2+3)

1,60,000

10,000

(Being remaining allotment money received and advance payment on 2000 shares on 1st and 2nd call)

Share 1st call money A/c (40,000 * 2)

Dr.

80,000

 To Share Capital A/c

80,000

(Being Share 1st call money transfered to share capital A/c)

Bank A/c

Calls in arrear A/c

Calls in advance A/c

Dr.

Dr.

Dr.

70,000

6,000

4,000

 To Share 1st call money A/c

80,000

(Being share 1st call money received)

Share 2nd call money A/c

Dr.

1,20,000

 To Share Capital A/c

1,20,000

(Being share 2nd call money t/f to share capital A/c)

Bank A/c

Calls in advance A/c

Calls in arrear A/c

Dr.

Dr.

Dr.

1,05,000

6,000

9,000

 To Share 2nd call money A/c

(Being 2nd call money received)

1,20,000