Jenna is analyzing her monthly expenses for a new budgeting plan. She has three primary expenses: rent, utilities, and groceries. Jenna pays $1400 for rent, which is $500 less than twice her utility bill. Additionally, she spends $300 on groceries each month.
To find how much her utilities cost, let the cost of utilities be represented by the variable $x$. Set up the equation based on the information provided:
$$1400 = 2x - 500$$
What is the cost of Jenna's utilities?