Serpea Leasing Sdn Bhd enters a lease with a client for the latter's use of an item of machinery. The following details relate to the lease agreement: Fair value of the machinery: RM100,000 Residual value: Nil after 5 years Lease payments: RM25,000 per annum payable in advance, the first payment due on 1 January 20x1. Required: Show how the lease transaction above would be recorded in the ledger accounts of Serpea Sdn Bhd