SHort answers When the buyer pays the freight costs, which account would be debited in the entry to record the payment under a perpetual System is the normal operating Cycle of a merchandising Company longer or shorter than for a Service Company Briefly explain the main difference blad between their operating Cycles? (3) Goods that were purchased Fo destfuation are still in tamil When a physical Inventory is being done. Will the seller. include these goods in their physical inventory Count? Explain. (4) Give a brief explanation of what an EFT is and why a company may prefer EFT payments. (5) what is the purpose of recording estimated uncollectible accounts using the allowance method