Response to the following problem:
Sara Ltd. Inviting application for 30,000 shares of Rs.100 each at a premium of Rs.20 per share payable
On application Rs.20 ,On allotment Rs.50 (Including Premium), On first call Rs.30, On final call Rs.20
Applications were received for 40,000 shares and allotment was made on prorata basis.Application for 5, 000 shares were cancelled. Restmoney on application was adjusted onsums due on allotment.Gina to whom 200 shares were allotted failed to pay the allotment money and his shareswere forfeited after the allotment. Danu, who applied for 700 shares failed to pay the twocalls and his shares were forfeited after the second call. Of the forfeited shares 600 shareswere sold to Santa Rs.90 per share as fully paid, the whole of Gina's shares being included.
Which value has been affected by rejecting the application of applicants? Pass necessary journal entries.