20994 ÷ 8 = 2624 R2
Alright, let's work through the division of 20994 by 8 step by step.

Step 1:
8 goes into 2 0 times with a remainder of 2.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 2 to get 2.
Bring next digit (0) of the dividend behind the 2 and repeat the process: 20 / 8

Step 2:
8 goes into 20 2 times with a remainder of 4.
Write down 2 as next digit of of the result. 
Result so far: 2
Subtract 16 from 20 to get 4.
Bring next digit (9) of the dividend behind the 4 and repeat the process: 49 / 8

Step 3:
8 goes into 49 6 times with a remainder of 1.
Write down 6 as next digit of of the result. 
Result so far: 26
Subtract 48 from 49 to get 1.
Bring next digit (9) of the dividend behind the 1 and repeat the process: 19 / 8

Step 4:
8 goes into 19 2 times with a remainder of 3.
Write down 2 as next digit of of the result. 
Result so far: 262
Subtract 16 from 19 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 8

Step 5:
8 goes into 34 4 times with a remainder of 2.
Write down 4 as next digit of of the result. 
Result so far: 2624
Subtract 32 from 34 to get 2.

The final result is 2624 with a remainder of 2.