Allocation Based on Capital Balances Smith, Capital Jones, Capital Totals Balance $ 80,000 40,000 $ 120,000 Ratio 66.67% 33.33% 100.00% Income $ 60,000 60,000 Allocation $ 40,000 20,000 $ 60,000 GENERAL JOURNAL PAGE 1 DATE PR. DEBIT DESCRIPTION CREDIT Focus