The timing of adjusting entries can alter the analysis of a company. As the full-charge bookkeeper, it is your job to ensure that the adjusting entries are entered on a timely basis. You have noticed that the adjusting entry to transfer the current year's portion from mortgage payable-long term to mortgage payable-current has not been entered. You mention it to your controller and are told not to record this adjusting entry. The company is applying for a loan from the bank and the controller found out that the loan officer looks only at the current assets and current liabilities. You are further told that, if anyone questions the lack of the adjusting entry, apologize for the error and record it immediately. Is this ethical for you and the company's controller? Provide justification for your decision.