c$.$ On July $1$ of the current year, a business pays $$54,000$ to the city for license taxes for the coming fiscal year. The same business is also required to pay an annual property tax at the end of the year. The estimated amount of the current year's property tax allocated to July is $$4,800.$

$(1)$ Journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July $31.$

License

Property Tax