The Board of Directors of Eller and Keller Enterprises Declared

The board of directors of Eller and Keller Enterprises declared a cash dividend of $1.50 per share on 42000 shares of common stock on July 15 2021.The dividend is to be paid on August 15 2021 to stockholders of record on July 31 2021.Use the following tabular analysis to record the declaration of the dividend on July 15 2021:

A) Increase to Dividends Expense and Dividends Payable for $63000.
B) Decrease to Cash and Dividends Payable for $63000.
C) Increase to Dividends Payable and decrease to Common Stock for $42000.
D) Increase to Cash Dividends and Dividends Payable for $63000.