On $15$ August $20$X$0,$ ABC Ltd entered into a long term construction agreement with XYZ Ltd$.$ The agreement specifies total consideration for the project of $$210,000.$ Total expected costs for the project are estimated by ABC Ltd at $$150,000.$

At the end of the reporting period, $30$ June $20$X$1,$ ABC Ltd had paid total construction costs of $$110,000$ in cash. Of these total expenditures, $$10,000$ is for construction materials not yet used on the project.

On $30$ June $20$X$1,$ XYZ Ltd made a cash payment of $$150,000$ to ABC Ltd$.$

ABC Ltd calculates the measurement of progress using input methods $($percentage of completion$)$ in accordance with paragraph B$18$ of AASB $15/$IFRS $15.$

Required

Prepare the following journal entries to record the transactions described in the books of ABC Ltd$.$

a$)$ Journal entry to record expenditures of $$110,000$ construction costs

b$)$ Journal entry to record recognition of revenue

c$)$ Journal entry to record receipt of cash from XYZ Ltd