On September 1, 2021, Crane Corporation issued $530,000 of 10-year, 3% bonds at 96. Interest is payable semi-annually on September 1 and March 1. Crane's fiscal year end is February 28. Is the market rate of interest higher or lower than 3%? Market interest rate is select an option than 3%. Record the issue of the bonds on September 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 1 enter an account title to record issuance of bonds on September 1 enter a debit amount enter a credit amount enter an account title to record issuance of bonds on September 1 enter a debit amount enter a credit amount (To record issuance of bonds.) Record the accrual of interest on February 28, 2022, assuming the semi-annual amortization amount for this interest period is $892. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 28 enter an account title to accrue interest expense on February 28 enter a debit amount enter a credit amount enter an account title to accrue interest expense on February 28 enter a debit amount enter a credit amount enter an account title to accrue interest expense on February 28 enter a debit amount enter a credit amount (To accrue interest expense.) Record the payment of interest on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 enter an account title to record interest payment on March 1 enter a debit amount enter a credit amount enter an account title to record interest payment on March 1 enter a debit amount enter a credit amount (To record interest payment.)