please help in solving following question
PP ltd issued 2,00,000 shares of Rs10 each at the prenium of Rs3 ,payable Rs4 on application (including prenium of Rs1),Rs5 on allotment (including prenium of Rs2)and balance on first and final call. Application received for Rs3,00,000 share..Application for 50,000 shares were rejected and allotment made on pro-rata basis to remaining.Mr X, who was allotted 800 shares, failed to pay allotment and call money. Mr Y who was allotted 400 shares failed to pay call money.Their shares were forfeitured and latter on 800 of these shares were reissued as fully paid up at Rs8.50 per share ,the whole of Y`s share being included in the re-issued shares
show the journal entry for forfeiture,and also of reissue of forfeiture share , entry for profit/loss arising and show working notes plz.
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