123304 ÷ 48 
Our goal is to divide 123304 by 48.

Advancing to step 1:
48 goes into 1 0 times with a remainder of 1.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
Subtract 0 from 1 to get 1.
Bring next digit (2) of the dividend behind the 1 and repeat the process: 12 / 48

Step 2:
When dividing 12 by 48, we get 0 with a remainder of 12.
The next digit of our result is 0. 
Result so far: 0.0
Subtract 0 from 12 to get 12.
Include the next digit (3) from the dividend after 12, then repeat: 123 / 48

On to step 3:
123 divided by 48 is 2 with a remainder of 27.
The next digit of our result is 2. 
Result so far: 2.0
Subtracting 96 from 123 leaves us with 27.
Grab the next digit (3) from the dividend, add it to 27, then carry on: 273 / 48

Let's proceed to step 4:
If we divide 273 by 48, we get 5 and a remainder of 33.
The next digit of our result is 5. 
Result so far: 25.0
If we take 240 away from 273, we end up with 33.
Append the next digit (0) from the dividend to 33 and continue with: 330 / 48

On to step 5:
48 can be fit into 330 6 times, resulting in a remainder of 42.
The next digit of our result is 6. 
Result so far: 256.0
Subtract 288 from 330 to get 42.
Take the next digit (4) from the dividend and append it to 42, then repeat: 424 / 48

Going ahead to step 6:
The number 48 fits into 424 8 times, leaving a remainder of 40.
Write down 8 as next digit of the result. 
Result so far: 2568.0
Subtracting 384 from 424 leaves us with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Going ahead to step 7:
If we divide 400 by 48, we get 8 and a remainder of 16.
Put 8 as the next digit of the answer. 
Result so far: 2568.8
If we take 384 away from 400, we end up with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Advancing to step 8:
If we divide 160 by 48, we get 3 and a remainder of 16.
Use 3 as the next digit of our solution. 
Result so far: 2568.83
If we subtract 144 from 160, we get 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

Moving on to step 9:
160 divided by 48 is 3 with a remainder of 16.
Use 3 as the next digit of our solution. 
Result so far: 2568.833
Deduct 144 from 160 and we're left with 16.
Since there are no more digits in the dividend, we add a zero to the remainder making it 160, and continue the process.

In conclusion, the division gives 2568.833 with a balance of 0.0016.