Cesle Pte Ltd $($CPL$),$ a company incorporated in Singapore and adopts $31$ December as its financial year, is in the business of manufacturing and retailing of electric motor vehicles. The company also constructs premises for customers.

On $1$ January $20$x$1,$ CPL extended a loan of $$800,000$ to DYB Pte Ltd$.$ Interest is charged at $8\%$ p$.$a$.$ payable annually in arrears and the principal matures five years later. CPL intends to hold such financial asset to collect the contractual cash flows. The $12-$month expected credit loss is $2\%$ of the principal amount. By $1$ January $20$x$2,$ the $12-$month expected credit loss has increased to $3\%$ but the credit position of DYB has not deteriorated significantly.

Illustrate as required under FRS $109$ Financial Instruments by preparing the journal entries $($narrations are NOT required$)$ from $1$ January $20$x$1$ to $31$ December $20$x$2.$