Karen open a credit account to purchase a new bed she makes a down payment of $200 on a $1000 bed what is your financial situation

Step-by-step explanation:

Karen open a credit account to purchase a new bed.

The cost of the bed = $1,000

She made a down payment of $200.

She have to pay = 1,000 - 200 = $800

Now the financial situation is Karen has a balance of $800 in her credit account which she has to pay later.

Balance is $800

$1000-$200=$800