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 payment of the dividend on August 15 2021:

A) Decrease Dividends Payable and Cash Dividends $63000.
B) Decrease Cash and Dividends Payable $63000
C) Decrease Cash and Cash Dividends $63000.
D) No entry is needed on this date.