On July $1,2024,$ How You Brewing Coffee Co$.($a calendar year end corporation that uses accrual$-$basis accounting$)$ paid $$24,000$ for $12-$months of insurance on a warehouse that covers the period July $1,2024$ through June $30,2025.$ When this transaction is recorded on July $1,2024,$ it will:

Group of answer choices

decrease assets and decrease stockholders' equity.

decrease liabilities and increase stockholders' equity.

increase assets and increase liabilities.

change the mix of assets, but have no effect on liabilities or stockholders' equity.