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 incom tax, $6,200 for...

Extracted text: 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 incom 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. Instructions (a) to record wages expense and wages payable. Assume that wages earned during March will be paid during April. (b) Indicate the accounts increased or decreased to record the company's payroll tax expense. Indicate the accounts increased or decreased on March 31