Y Ltd. foreited 2,000 shares of Rs. 10 each issued at 20% premium (to be paid at time of allotment) on which allotment money of Rs. 4 (including premium) and first call money of Rs. 3 was not received, the final call money of Rs. 2 is not yet called 1,500 of these shares were re-issued as fully paid for Rs. 7 per share. Journalise.