X Limited forfeited 1,000 shares of Rs. 10 each (Rs. 8 called-up) issued at a premium of Rs. 2 per share to Mr. R, for non-payment of allotment money of Rs. 5 per share (including premium). Out of these, 800 shares were re-issued to Mr. Sanjay as Rs. 8 called for Rs. 7 per share. Give the necessary Journal entries relating to forfeiture and re-issue of shares.
