The board of directors of Metlock Company declared a cash dividend of $1.15 per share on 33000 shares of common stock on July 15, 2017. The dividend is to be paid on August 15, 2017, to stockholders of record on July 31, 2017. Recording the transaction on July 15,2017, will include an:

The board of directors of Metlock Company declared a cash dividend of $1.15 per share on 33000 shares of common stock August 15, 2017, to stockholders of record on July 31, 2017. Recording the transaction on July 15, 2017, will include a(n) on July 15, 2017. The dividend is to be paid on O decrease to Dividends Payable. O increase to Cash Dividends. O decrease to Cash. O decrease to Cash Dividends