A company forfeited 4000 shares for nonpayment of first call of 3 Final call of 2 not made.Out of them 2500 shares are reissued at 9 . Remaining 500 shares are reissued at 6.Pass necessary Journal entry.Make Share forfeiture account.
A company forfeited 4000 shares for nonpayment of first call of 3 Final call of 2 not made.Out of them 2500 shares are reissued at 9 . Remaining 500 shares are reissued at 6.Pass necessary Journal entry.Make Share forfeiture account.
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