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In September, you have your car repaired and it costs you $600

Accounting

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In September, you have your car repaired and it costs you $600. The repair shop agreed that you can pay them in three equal installments starting in October.

Which of the following is true?

a. Your net worth will decrease in October, November and December in equal amounts of $200 each month.

b. Your net worth will decrease in September by $600.

c. Your net worth will not decrease in September because you have not yet paid for the repair.

d. Your net worth will increase in September by $200 because the value of your car increased.