Question 46 of 61 -/2 E View Policies Current Attempt in Progress The board of directors of Sheffield Corp.declared a cash dividend of 33 per share on 31000 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. The effects of the journal entry to record the declaration of the dividend on July 15, 2017, are to decrease stockholders equilty and increase liabilities Increase stockholders equity and decrease assets Increase stockholders equity and increase abilities O decrease stockholders' equity and decrease assets Save forte Attempts of tused Submit Answer CE