I setup a credit card in QB for all business purchases and have been maintaining this account for the past 5 years. I recently paid off the outstanding balance, however while my bank says the card is completely paid off, there remains a balance in QB of $248.88 for the CC account. I have done reconciliation in the past on this account in QB however have fallen behind. I would rather not go back and do reconciliation for the past 5 years in QB, therefore I'm looking for guidance on how to "clear out"/make a journal entry to take care of the $248.88 remaining balance in QB.
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