Arjun Ltd. Invited application for 50,000 equity shares of Rs. 10 each at a premium of 10% payable along with the allotment. The amounts were payable as follows: (8)On Application Rs. 4 per share.On Allotment Rs. 4 per share (including premium)On First and Final call- balanceApplications for 70,000 shares were received of which 10,000 shares were rejected and the remaining applicants were given pro-rata allotment. Excess application money was applied towards sum due on allotment.Arvind to whom 1,500 shares were allotted failed to pay the allotment money. His shares were forfeited immediately after allotment. The forfeited shares were reissued @ 8 per share as fully paid up. Afterwards the final call was made. Ritu who applied for 1800 shares failed to pay the final call. Her shares were also forfeited and afterwards reissued @ 9 per share fully paid up. Journalise the above transactions.​