REVIEW QUESTION - COMPANIES ACCOUNTS

QUESTION 1:

 Soweto Co. Ltd has an authorized capita of Tshs. 25,000,000 in TZS 1,000 shares, of these 4,000 shares were issued and fully paid in a single installment and the money was used to purchase a building 8,000 shares were issued to the public at par value of TZS 500 per share payable as:
Ø  TZS 200 on application
Ø  TZS 100 on allotment
Ø  TZS 100 of first call
Ø  TZS 100 on second call

The amounts received in respect of these shares were as follows
v  On 6000 shares full amount
v  On 1250 shares shs 400 per share
v  On 500 shares shs. 300 per shares
v  0n 250 shares shs 200 per share

The director forfeited the 750 shares on which less than shs 400 per share has been paid
Required
Prepare the ledger accounts for the above transaction