For each journal entry to the neccessary adjustment:

a. On July 1 of the current year, a business pays $30,000 to the city for license taxes for the coming fiscal year. The same business also is required to pay an annual property tax at the end of the year. The estimated amount of the current years property tax allocable to July is $3600 1) Journalize the two adjusting entries required to bring the accounts affected by the taxes up to date as of July 31. 2) What is the amount of tax expense for July?