In April, Homer Simpson hired a new employee at a rate of $1,000 per month to start work at the beginning of May. In April, Homer Simpson should record:

		nothing, because an exchange of promises is not a transaction.
		a $1,000 increase to Wage expense and a $1,000 decrease to Cash.
		a $1,000 increase in Wages Payable and a $1,000 increase in Wages Expense.
		a $1,000 increase to Prepaid wages and a $1,000 decrease to Cash.