Z limited issued shares of Rs. 100 each at a premium of 10%. Mr. Q purchased 500 shares and paid Rs. 20 on application but did not pay the allotment money of Rs. 30. If the company forfeited his 30% shares, the forfeiture account will be credited by:
1
Rs. 4,500
2
Rs. 3,500
3
Rs. 1,650
4
Rs. 3,000
5
Rs. 2,000