Adjusting entries for prepa$$d and accrued taxes

A$-$Z Construction Company was organized on May $1$ of the current year. On May $2,$ A$-$Z Construction prepaid $$18,480$ to the city for taxes $($license fees$)$ for the next $12$ months and debited the prepaid taxes account. A$-$Z Construction is also required to pay in January an annual tax $($on property$)$ for the previous calendar year. The estimated amount of the property tax for the current year $($May $1$ to December $31)$ is $$45,000.$

a$.$ Journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of December $31,$ the end of the current year. If an amount box does not require an entry, leave it blank.

$\backslash$table$[[$License fees,Taxes Expense,$,x,$