S limited with a registered capital of Rs. 500,000. in shares of Rs 10 each, invited application for 20000 shares payable as on application Rs. 2 , on allotment Rs .2 , on first call Rs 3, on final call Rs 3. An applicant who had been allocated 250 shares failed to pay allotment and first call money due from him. His share were forfeited . After this , the final call was made & the forfeited shares were reissued as fully apid up @ Rs. 8.50 per share . Give Journal entries.

Bank A/c Dr.      40,000
  To Share Application A/c      40,000
(Being application money received on 20,000 shares)

Share Application A/c Dr.      40,000
  To Share Capital A/c             40,000
(Being amount transferred to Share Capital A/c)

Share Allotment A/c Dr.      40,000
  To Share Capital A/c           40,000
(Being allotment due on 20,000 shares)

Bank A/c Dr.                        39,500
  To Share Allotment A/c        39,500
(Being allotment money received on 19,750 shares)

Share First Call A/c Dr.       60,000
  To Share Capital A/c           60,000
(Being first call made on 20,000 shares)

Bank A/c Dr.                        59,250
  To Share First Call A/c         59,250
(Being first call money received on 19,750 shares)

Share Capital A/c Dr.    1750
  To Share Allotment A/c    500
  To Share First Call A/c      750
  To Share Forfeiture A/c     500
(Being 250 shares forfeited)

Share Second and Final Call A/c Dr. 59,250
  To Share Capital A/c                          59,250
(Being second and final call made on 19,750 shares)

Bank A/c Dr.                     2125
Share Forfeiture A/c Dr.      375
  To Share Capital A/c            2500
(Being 250 forfeited shares reissued at Rs. 8.5 per share)

Share Forfeiture A/c Dr. 125
 To Capital Reserve A/c    125
(Being excess amount transferred to Capital Reserve)