how much income or loss did the company earn 610665

Reconstructing Events from Information in the Accounting Database – Jill Jones has just established a security alarm maintenance service. She charges $20 per hour per person and is paid by check upon completion of the job. Her expenses are rather low— usually only supplies and transportation. Following are the entries to the accounting system that were made for the first seven transactions of the company.

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Date	Accounts	Cash	Other Assets	Contributed Capital	Retained Earnings
Cash	5,000
Contributed Capital	5,000
Supplies Inventory	300
Cash	-300
Cash	4,200
Service Revenues	4,200
Utilities Expense	-450
Cash	-450
Transportation Expense	-500
Cash	-500
Insurance Expense	-500
Cash	-700
Retained Earnings	-1,300
Cash	-1,300
Ending Amounts	5,950	+300	=	+	5,000	+1,250