During the month of March, Preston Company's employees earned wages of $90,000. Withholdings related to these wages were $6,885 for Social Security (FICA), $14,200 for federal income tax, $6,200 for state income tax, and $600 for union dues. The company incurred no cost related to these earnings for federal unemployment tax, but incurred $1,300 for state unemployment tax.

(a) Indicate the accounts increased or decreased on March 31 to record wages expense and wages payable. Assume that wages earned during March will be paid during April. Date Account Titles Increase/Decrease Amount Mar. 31 $ $ $ $ $ $

can you please explain that increase and decrease meaning

is increase and decrease means debit & credit ?