Partnership retirement settlement accounting for goodwill and loan

Steps:

• Total capital and current accounts for both partners: $32,000 (combined, as worded).
• Goodwill valued at $30,000, shared equally ($15,000 each); T's original share assumed $16,000 (equal split).
• T's entitlement: $16,000 +$15,000 = $31,000.
• T leaves $30,000 as loan; cash paid:$31,000 - $30,000 =$1,000.

Not enough information: T's individual original balance not specified (wording ambiguous on per-partner vs. total), preventing precise calculation of payment.

Final answer: Not enough information.