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offman, Incorporated adjusts its books each month but closes its books at the end of the year. The companys unadjusted trial balance at March 31

offman, Incorporated adjusts its books each month but closes its books at the end of the year. The companys unadjusted trial balance at March 31 is as follows:

Debit Credit
Cash $ 10,920
Accounts Receivable 9,620
Supplies 1,300
Prepaid Insurance 3,120
Equipment 26,000
Accumulated Depreciation: Equipment $ 10,400
Unearned Service Revenue 6,500
Capital Stock 5,200
Retained Earnings 23,400
Dividends 1,560
Service Revenue Earned 16,510
Salaries Expense 7,800
Utilities Expense 390
Rent Expense 1,300
Totals $ 62,010 $ 62,010

The equipment had an estimated useful life of five years. Compute the book value of the equipment at March 31, after the proper March adjustment is recorded.

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