Waterway 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, Waterway receives its notice for its 2022 property taxes, which are due in the amount of $15,360. Prepare any required year-end adjusting entries. Waterway 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