May you please journalise below

1. A company purchases machinery for on a deferred payment basis, agreeing to pay in one year with an interest of 6%. The cost of the machinery will be recorded at the present value, and the difference between the total payment and the present value will be recognized as interest expense over the year.

2.Suppose a business leases a machine with a fair value of $10,000. The total lease payments over the lease term are $11,000. If the implicit interest rate is, say 10%, then the present value of lease payments ($11,000 discounted at 10%) should be equal to the fair value of the leased asset ($10,000)