Chapter 5 Connection Activity Question (counts towards your tutorial mark): Some adjusting entries, such as ongoing depreciation or prepaid expenses, can either be entered at the beginning or the end of the month. As long as they get recorded each month, the effect is the same on the financial statements. Recording them at the beginning of the month helps ensure you won't forget about them, and gets them checked off your "to-do" list. Recording them at the end of the month may mean that fewer adjustments would be required if things changed (for example, if you sold an asset). If you were in charge of making these entries each month - would you prefer to enter them at the beginning, or at the end, of the month? Explain why