Which of the Following Correctly Describes the Following Adjusting Journal $\quad$

Which of the following correctly describes the following adjusting journal entry? Utilities expense
$\quad$ Utilities payable

A) Total assets decrease and net income decreases.
B) Stockholders' equity decreases and liabilities increase.
C) The transaction is an example of a deferral.
D) Net income decreases and stockholders' equity does not change.