Journal Entries Generally:

1-Feb

Cash 25,000

Capital: 25,000 Marks

Paul 32,000 in Cash 32,000 in Capital

Income Summary for the 31st of October: 65,000

Capital: 32,500 Marks

Capital: 32,500 Paul

31 October (Revenue shared in proportion to investments): 65,000

Capital: 26,000 Marks

Capital: 39,000 Paul

31-Oct (Loss shared equally): Mark 8,500 in capital

Capital: 8,500 Paul

Detailed income 17,000

Capital - Mark 6,800 as of October 31 (Loss shared in proportion to investments).

Paul's capital is 10,200. His total income is 17,00.