The HMT Ltd. issued 15,000 Equity shares of Rs 10 each, payable as under-
|On Application||Rs 3||On Allotment||Rs 2|
|On First Call||Rs 3||On Final Call||Rs 2|
All the shares were fully subscribed by the public. All the money due on installments were received.
Pass journal entries to record the above transactions in the books of the company.