
Answer and Explanation:
The Journal entry is shown below:-
1. Cash dividend Dr, $229,000
(91,500 + 23,000) × $2
    To Dividend payable $229,000
(Being dividend declared is recorded)
2. Dividend payable Dr, $229,000
    To Cash $229,000
(Being the payment of dividend is recorded)
3. Cash dividend Dr, $349,500
(91,500 + 23,000 + 2,000) × $3.00
    To Dividend payable $349,500
(Being the dividend declared is recorded)