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Let me help you verify where this charge is coming from, @blades-incorp.
To check where this charge is coming from, I suggest reaching out to our Customer Support team. They can get into your account in a secure environment and verify why you've come up with $7120.
You can reach our Customer Support for QuickBooks Online (QBO) by going to the Help icon at the top right of the account. Follow the steps below:
Here's the contact the QuickBooks Online Customer Support team article for more information.
Let me know if there's anything else that I can help with your account. I'm always here to help. Have a great rest of the day!