We divide 120294 by 88
We want to divide 120294 by 88.

Moving on to step 1:
When dividing 1 by 88, we get 0 with a remainder of 1.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 1 after subtracting 0 from 1.
Fetch the next digit (2) from the dividend, attach it to 1 and continue: 12 / 88

Moving on to step 2:
12 divided by 88 is 0 with a remainder of 12.
Put 0 as the next digit of the answer. 
Result so far: 0.0
The remainder is 12 after subtracting 0 from 12.
Include the next digit (0) from the dividend after 12, then repeat: 120 / 88

Step 3:
88 can be fit into 120 1 times, resulting in a remainder of 32.
Record the quotient 1 as the next digit in the result. 
Result so far: 1.0
Subtracting 88 from 120 leaves us with 32.
Fetch the next digit (2) from the dividend, attach it to 32 and continue: 322 / 88

Moving on to step 4:
88 can be fit into 322 3 times, resulting in a remainder of 58.
The number 3 becomes the next digit in our result. 
Result so far: 13.0
If we subtract 264 from 322, we get 58.
Grab the next digit (9) from the dividend, add it to 58, then carry on: 589 / 88

On to step 5:
88 can be fit into 589 6 times, resulting in a remainder of 61.
Write down 6 as next digit of the result. 
Result so far: 136.0
Deduct 528 from 589 and we're left with 61.
Bring next digit (4) of the dividend behind the 61 and repeat the process: 614 / 88

Step 6:
The number 88 fits into 614 6 times, leaving a remainder of 86.
Put 6 as the next digit of the answer. 
Result so far: 1366.0
If we take 528 away from 614, we end up with 86.
Since there are no more digits in the dividend, we add a zero to the remainder making it 860, and continue the process.

Step 7:
If we divide 860 by 88, we get 9 and a remainder of 68.
The next digit of our result is 9. 
Result so far: 1366.9
Deduct 792 from 860 and we're left with 68.
Since there are no more digits in the dividend, we add a zero to the remainder making it 680, and continue the process.

On to step 8:
680 divided by 88 is 7 with a remainder of 64.
Use 7 as the next digit of our solution. 
Result so far: 1366.97
If we take 616 away from 680, we end up with 64.
Since there are no more digits in the dividend, we add a zero to the remainder making it 640, and continue the process.

Let's proceed to step 9:
When dividing 640 by 88, we get 7 with a remainder of 24.
Put 7 as the next digit of the answer. 
Result so far: 1366.977
The remainder is 24 after subtracting 616 from 640.
Since there are no more digits in the dividend, we add a zero to the remainder making it 240, and continue the process.

In conclusion, the division gives 1366.977 with a balance of 0.0024.