Journal Entry # 2 says Record the entry for the dividends on the date of record.

Journal Entry #3 says Record the cash dividends paid

EX Cu. 162 Desert APparel nas... Desert Apparel has 5,000 shares of common stock outstanding. On April 1, the company declares a $2 per share dividend to stockholders of record on April 15. The dividend is paid on April 30 Record all necessary entries on the appropriate dates for cash dividends. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the declaration of cash dividends of $2 per share to stockholders of record on April 15 Note: Enter debits before credits Date General Journal Debit Credit Apr 01 Record entry Clear entry View general journal