Adler Company declared a cash dividend of $1.00 per share on 20,000 shares of common stock on January 15. The dividend is to be paid one month later on February 15 to stockholders of record on January 31. Which of the following summarizes the effects of the journal entry recorded on the date of record on January 31? It decreases stockholders' equity and decreases assets. It decreases liabilities and decreases assets. It decreases stockholders' equity and increases liabilities. O No journal entry is recorded on the date of record. It increases stockholders' equity and increases liabilities