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Please solve this share question
Share Capital A/c Dr. 7500
To Share Forfeiture A/c 5000
To Calls in arrear A/c 2500
(bieng shares forfeited)
Cash A/c Dr. 4000
Share forfeiture A/c 3500
To Share Capital A/c 7500
(being all forfeited shares re-issued
@ Rs.8 as Rs. 15 paid up)
Share forfeiture A/c Dr. 1500
To Capital Reserve A/c 1500
(being balance transferred)
Share Final call A/c Dr. 2500
To Share Capital A/c 2500
(being final call made)
Cash A/c Dr. 2500
To Share Capital A/c 2500
(being all cash received including of D)
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