48637301 ÷ 123 
Let's see how many times 123 fits into 48637301.

Moving on to step 1:
4 divided by 123 is 0 with a remainder of 4.
The next digit of our result is 0. 
Result so far: 0.0
Subtract 0 from 4 to get 4.
Grab the next digit (8) from the dividend, add it to 4, then carry on: 48 / 123

Let's proceed to step 2:
48 divided by 123 is 0 with a remainder of 48.
Use 0 as the next digit of our solution. 
Result so far: 0.0
If we take 0 away from 48, we end up with 48.
Bring next digit (6) of the dividend behind the 48 and repeat the process: 486 / 123

Let's proceed to step 3:
123 can be fit into 486 3 times, resulting in a remainder of 117.
Put 3 as the next digit of the answer. 
Result so far: 3.0
The remainder is 117 after subtracting 369 from 486.
Include the next digit (3) from the dividend after 117, then repeat: 1173 / 123

Step 4:
123 can be fit into 1173 9 times, resulting in a remainder of 66.
Put 9 as the next digit of the answer. 
Result so far: 39.0
The remainder is 66 after subtracting 1107 from 1173.
Append the next digit (7) from the dividend to 66 and continue with: 667 / 123

Going ahead to step 5:
123 goes into 667 5 times with a remainder of 52.
Use 5 as the next digit of our solution. 
Result so far: 395.0
Subtracting 615 from 667 leaves us with 52.
Fetch the next digit (3) from the dividend, attach it to 52 and continue: 523 / 123

Step 6:
123 can be fit into 523 4 times, resulting in a remainder of 31.
Record the quotient 4 as the next digit in the result. 
Result so far: 3954.0
The remainder is 31 after subtracting 492 from 523.
Append the next digit (0) from the dividend to 31 and continue with: 310 / 123

Step 7:
123 goes into 310 2 times with a remainder of 64.
Use 2 as the next digit of our solution. 
Result so far: 39542.0
If we take 246 away from 310, we end up with 64.
Fetch the next digit (1) from the dividend, attach it to 64 and continue: 641 / 123

Advancing to step 8:
The number 123 fits into 641 5 times, leaving a remainder of 26.
The number 5 becomes the next digit in our result. 
Result so far: 395425.0
Subtracting 615 from 641 leaves us with 26.
Since there are no more digits in the dividend, we add a zero to the remainder making it 260, and continue the process.

Step 9:
When dividing 260 by 123, we get 2 with a remainder of 14.
Use 2 as the next digit of our solution. 
Result so far: 395425.2
Deduct 246 from 260 and we're left with 14.
Since there are no more digits in the dividend, we add a zero to the remainder making it 140, and continue the process.

Let's proceed to step 10:
123 can be fit into 140 1 times, resulting in a remainder of 17.
Record the quotient 1 as the next digit in the result. 
Result so far: 395425.21
The remainder is 17 after subtracting 123 from 140.
Since there are no more digits in the dividend, we add a zero to the remainder making it 170, and continue the process.

Let's proceed to step 11:
The number 123 fits into 170 1 times, leaving a remainder of 47.
Use 1 as the next digit of our solution. 
Result so far: 395425.211
Deduct 123 from 170 and we're left with 47.
Since there are no more digits in the dividend, we add a zero to the remainder making it 470, and continue the process.

In conclusion, the division gives 395425.211 with a balance of 0.0047.