How do I journalize this.

Global leases two similar assets in two different manufacturing plants. The leases were seperately negotiated. The assets each have an economic life of 10 years and a sever year lease. Global's incremental borrowing rate is 6%. The leases neither transfer ownership nor have bargain purchase options. Additional details for each leased asset follow:

Asset A: Has a fair market value of $100,000 and payments under the lease are $15,000 each year. The first payment is due at the inception of the lease.

Asset B: Has a fair market value of $100,000 and payments under the lease are $15,500 each year. The first payment is due at the inception of the lease.

Where do I even start???? Please help??