We experimentally demonstrate simulation of two entangled quantum bits using classical fields of two frequencies and two polarizations. Multiplication of optical heterodyne beat signals from two spatially separated regions simulates coincidence detection of two particles. The product signal so obtained contains several frequency components, one of which can be selected by bandpass frequency filtering. The bandpassed signal contains two indistinguishable, interfering contributions, permitting simulation of four polarization-entangled Bell-like states. These classical field methods may be useful in small scale simulations of quantum logic operations that require multiparticle entanglement without collapse.