R Ltd. invited applications for 20,000 shares of Rs. 10 each payable as follows:
Rs. 3 on application, Rs. 2 on allotment, Rs. 2.50 on first call, and Rs. 2.50 on second call.
Public applied for 30,000 shares, and allotments were made as under:
1. To applicants for 8,000 shares: Full allotment.
2. To applicants for 16,000 shares: 12,000 shares allotted.
3. To applicants for 6,000 shares: Nil allotment.
All money was duly received. Pass journal entries.