can anyone help me solve the incorrect ones?

On January 1, 2020, Pharoah Company makes the two following acquisitions. 1. 2. Purchases land having a fair value of $250,000 by issuing a 5-year, zero-interest-bearing promissory note in the face amount of $421,265. (a) (b) Purchases equipment by issuing a 7%, 9-year promissory note having a maturity value of $420,000 (interest payable annually). The company has to pay 11% interest for funds from its bank. Record the two journal entries that should be recorded by Pharoah Company for the two purchases on January 1, 2020. Record the interest at the end of the first year on both notes using the effective-interest method. (Round present value factor calculations to 5 decimal places, eg. 125124 and the final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation No. Date (a) 1. 2020 January 1, Land Discount on Notes Payable Debit 250000 171265 Credit NO. (a) January 1, 2020 1. 2. (b) 1. Date Account fities and Explanation 2. January 1, 2020 December 31, 2020 December 31, 2020 Land Discount on Notes Payable Notes Payable Equipment Discount on Notes Payable Notes Payable Interest Expense Discount on Notes Payable Interest Expense Discount on Notes Payable Interest Payable H O D C 11 ( P DEDIT E 250000 171265 333547 86453 27500 36690 M Creait 421265 420000 27500 7290 29400