Rosen Corporation was formed on December 12, 2018. It plans to close its books annually each December 31. Rosen is located in Lanmark City and Apple County. The fiscal period of these two governmental units runs from July 1 to June 30. The property tax that they assess on property held on January 1 of each year becomes a lien against the property on July 1. The estimated property taxes for Rosen for the period July 1, 2019, to June 30, 2020, are $15,300. The tax bill is mailed in October with a requirement that the tax be paid before December 31. The tax bill received on October 30, 2019, for Rosen revealed an actual tax of $15,705, and the corporation paid this amount on November 30, 2019. Rosen elects to record monthly property tax adjustments for interim statements required by management.

1. Prepare the necessary journal entries to record:

	1. The monthly property tax adjustments from July 2019 to October 2019
	2. The payment on November 30, 2019 (before the November 30 adjustment for property taxes)
	3. The monthly property tax adjustments from November 2019 to June 2020

July 1, 2019	Property Tax Expense	1275
	Property Taxes Payable		1275
August 31, 2019	Property Tax Expense	1275
	Property Taxes Payable		1275
September 30, 2019	Property Tax Expense	1275
	Property Taxes Payable		1275
October 30, 2019	Property Tax Expense	1320
	Property Taxes Payable		1320
November 30, 2019	Property Taxes Payable	5145
	Prepaid Property Taxes	10560
	Cash		15705
December 31, 2019	Property Tax Expense	1320
	Prepaid Property Taxes		1320
January 31, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
February 28, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
March 31, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
April 30, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
May 31, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
June 30, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320
July 31, 2020	Property Tax Expense	1320
	Prepaid Property Taxes		1320

I need help in ones in bold.