Preheat your oven to 350°F (175°C). Grease two round cake pans with butter and dust with flour.

In a bowl, whisk together flour, baking powder, and salt.

In another bowl, cream softened butter and granulated sugar until light and fluffy. Add eggs one at a time, then mix in vanilla extract.

Gradually combine the dry ingredients with the wet mixture, alternating with milk until just mixed. Gently fold in cherries and chocolate chips.

Pour batter evenly into prepared pans. Bake for 25-30 minutes or until a toothpick inserted comes out clean. Allow to cool before frosting with cherry frosting.