J

Journal - A journal is the chronological, day-to-day transactions of a company. Revenue by sources are recorded in the sales journal and cash receipts journal. Expenses by sources are recorded in the accounts payable journal and cash disbursements journal. A general journal is used to record period ending adjusting journal entries. The Payroll Journal is dedicated to payroll entries. The general journal is used for occasional and year-end adjusting and correcting entries. The Standard Entries Journal is for adjusting entries that occur monthly, such as depreciation and matching FICA.

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Junk Bonds - DEBT SECURITIES issued by companies with higher than normal credit risk. Considered "non-investment grade" bonds, these SECURITIES ordinarily yield a higher rate of interest to compensate for the additional risk.