Sheridan Financial Services has its headquarters in Nanaimo, British Columbia. The City of Nanaimo assesses property taxes on June 30 annually and notifies property owners electronically. Property taxes are due to be paid by July 31. Property taxes are for the calendar year. On June 30, 2022, Sheridan receives its notice for its 2022 property taxes, which are due in the amount of $10,560. Prepare the journal entry on June 30 when Sheridan receives its property tax notice. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation Debit Credit June 30, 2022 Property Tax Expense 10.560 Property Tax Payable 10,560 Prepare the journal entry on July 31 when Sheridan pays its property taxes. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31, 2022 Property Tax Payable Property Tax Expense Prepaid Property Tax Cash Prepare any required year-end adjusting entries. Sheridan has a calendar year end. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2022