Oct. 17: Sold office equipment in exchange for $135,000 cash plus receipt of a $100,000, 90-day, 9% note. The equipment had a cost of $320,000 and accumulated depreciation of $64,000 as of October 17 Date Description Debit Credit Oct. 17 Nov. 30: Journalized the monthly payroll for November, based on the following data Salaries Deductions Sales salaries $135,000 Income tax withheld Office salaries 77,250 212,250 Medicare tax withheld $39,266 12,735 3,184 Social security tax withheld Unemployment tax rates State unemployment Federal unemployment 5.4% 0.8% Amount subject to unemployment taxes State unemployment Federal unemployment $5,000 5,000 Date Debit Credit Nov. 30 Nov. 30: Journalized the employer's payroll taxes on the payroll. Date Debit Credit Nov. 30