On September 1, 2021, Oriole Corporation issued $545,000 of 10-year. 3% bonds at 96. Interest is payable semi-annually on September 1 and March 1. Orlole's fiscal year end is February 28. Is the market rate of interest higher or lower than 32 Market interest rate is lower than 3%. e Textbook and Media List of Accounts 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 tities and enter for the amounts) Date Account Titles and Explanation Debit Credit Sept. 1 Cash 523200 Bonds Payable 523200 To record issuance of bonds) e Textbook and Media List of Accounts Record the accrual of interest on February 28, 2022, assuming the semi-annual amortization amount for this interest period is $923. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 28 Interest Expense Bonds Payable Interest Payable (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 for the amounts.) Debit Credit Date Account Tities and Explanation Mar. 1 Interest Expense 8175 Cash 8175 (To record interest payment.) e Textbook and Media