During the fiscal year July 2014 /june 2015, the Eastern County had planned to put up a market for hawkers in one of the locations. A private contractor was to be engaged but the county government would supply the required materials. The following transactions took place.

July LPO's with a total value of 205 million were issued to a supplier of the required materials.

August - an agreement was signed with a contractor for 720 million.

September - materials worth 40 million were purchased on cash basis

November - 182 million of invoices from the material supplier were received.

December - a) the contractor's invoice for 1/3 completed was received

B) half of the materials invoice was settled.

Required :journal entries

Ledger a/c

Supposing the budget for the market was 1000 million, how much was available for commitment as at the end of December 2014.