27 3 points The account that represents the cumulative amount of depreciation that has been taken on an asset since it was first placed in service is Book Value Depreciation Expense Salvare Value Accumulated Depreciation 28 points Solar Enterprises opened for business at the beginning of 2020 and purchased $23,000 in supplies. At December 31, 2020, there was $9,000 in supples remaining. The adjusting entry at December 31, 2020 to record the supplies used should include a O Debit to Supplies Expense for $14,000. Credit to Supplies for $23,000 Credit to Cash for $23,000 O Debit to Supplies Expense for $9,000 29 point entries transfer net income or net loss and dividends to the retained earnings account Closing Timely General Adjusting