Prepare a journal entry:

January 1: Taylor organized the business by investing $200,000 cash and $20,000 worth of office equipment in exchange for 2,000 shares of common stock.

January 4: The company decided to invest excess cash by purchasing $80,000 in marketable equity securities.

January 27: A customer received a $500 credit to his account as consideration for delays in delivery of product.

January 29: The company sold $10,000 of the marketable securities purchased on January 4 for $14,000.

January 31: A customer returned goods with a sales priece of $2000 and a cost of $1500.