In periods of rising prices, which inventory costing method yields the highest net income? B. FIFO LIFO Weighted average Perpetual weighted average D. 10. On 9/1/19, Cainas Cookies loaned $12,000 to Gigi's cupcakes, and received a 6 month, 5% note. Assuming no adjusting entries have been made, what should Cainas' record for interest on 12/31/19? A. B. C. D. Debit: Interest receivable $600 and Credit: Interest Revenue $600 Debit: Interest expense $600 and Credit: Interest payable $600 Debit: Interest receivable $200 and Credit: Interest Revenue $200 Debit: Cash $200 and Credit: Interest revenue $200