Let's divide 712341 by 60
We want to figure out the number of times 712341 can be divided by 60.

Let's proceed to step 1:
7 divided by 60 is 0 with a remainder of 7.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 7 to get 7.
Take the next digit (1) from the dividend and append it to 7, then repeat: 71 / 60

Step 2:
71 divided by 60 is 1 with a remainder of 11.
The number 1 becomes the next digit in our result. 
Result so far: 1.0
Subtract 60 from 71 to get 11.
Append the next digit (2) from the dividend to 11 and continue with: 112 / 60

Let's proceed to step 3:
60 can be fit into 112 1 times, resulting in a remainder of 52.
Use 1 as the next digit of our solution. 
Result so far: 11.0
If we subtract 60 from 112, we get 52.
Bring next digit (3) of the dividend behind the 52 and repeat the process: 523 / 60

Moving on to step 4:
60 goes into 523 8 times with a remainder of 43.
The next digit of our result is 8. 
Result so far: 118.0
If we subtract 480 from 523, we get 43.
Include the next digit (4) from the dividend after 43, then repeat: 434 / 60

Moving on to step 5:
The number 60 fits into 434 7 times, leaving a remainder of 14.
The next digit of our result is 7. 
Result so far: 1187.0
Subtract 420 from 434 to get 14.
Bring next digit (1) of the dividend behind the 14 and repeat the process: 141 / 60

On to step 6:
60 can be fit into 141 2 times, resulting in a remainder of 21.
Record the quotient 2 as the next digit in the result. 
Result so far: 11872.0
Subtract 120 from 141 to get 21.
Since there are no more digits in the dividend, we add a zero to the remainder making it 210, and continue the process.

Step 7:
60 goes into 210 3 times with a remainder of 30.
Put 3 as the next digit of the answer. 
Result so far: 11872.3
Deduct 180 from 210 and we're left with 30.
Since there are no more digits in the dividend, we add a zero to the remainder making it 300, and continue the process.

Going ahead to step 8:
60 can be fit into 300 5 times, resulting in a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 11872.35
Subtracting 300 from 300 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Moving on to step 9:
0 divided by 60 is 0 with a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 11872.35
If we subtract 0 from 0, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Going ahead to step 10:
60 goes into 0 0 times with a remainder of 0.
The next digit of our result is 0. 
Result so far: 11872.35
If we subtract 0 from 0, we get 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 11872.35 with a balance of 0.0.