Use the following information for question 4 & 5. Beard's Bagels has 6 employees who are paid $12 per hour. At December 31, 2011, each of Beard's Bagels employees had worked 18 hours which had not been paid or recorded. Prior to adjustments, the company's trial balance showed $85,700 in the wages expense account. 4. If Beard's Bagels makes the appropriate adjusting entry, how much will be reported on the December 31, 2011 income statement as wage expense? A) $85,700 B) $84,404 C) $ 1,296 D) $86,996 5. If Beard's Bagels makes the appropriate adjusting entry, which of the following is one part of the journal entry that will be made when the payment of wages is made in January? A) Increase Wages Expense for $1,296 B) Decrease Wages Payable for $1,296 C) Increase Wages Payable for $1,296 D) Decrease Cash for $32,496