Narmada Limited was registered with an Authorised Capital of Rs. 5,00,000 in Rs. 10 shares. Company purchased an Asset for Rs. 2,00,000 and issued fully paid shares for it. Balance 30,000 shares were issued to the public, payable as follows :
`{:("On Application & Allotment","Rs. 3"),("On First Call","Rs. 4"),("On Second Call","Rs. 3"):}`
Govind, holding 100 shares failed to pay the First Call money and his shares were forfeited after the First Call. Gopal, holding 200 shares failed to pay the Second Call and his shares were also forfeited. Pass Journal Entries.