Kindly identify the following events using IDENTIFYING, RECORDING, OR COMMUNICATING as an element of accounting.
___1. Joe will no doubt start his business by putting P1,500,000 of his own personal money buying shares of Direct Delivery's common stock.
___2. Direct Delivery will need to buy a sturdy l, dependable delivery vehicle in an amount of P200,000 as an additional fund and recorded.
___3. The business will begin earning P40,000 for delivery fees and billing clients for delivery their parcels of P30,000 on account and recording.
___4. The business will be collecting fees that were earned.
___5. The business will incur expenses in operating the business, such as a salary for Joe, expenses associated with the delivery vehicle, advertising, etc.​