12707 ÷ 8 = 1588 R3
Alright, let's work through the division of 12707 by 8 step by step.

Step 1:
8 goes into 1 0 times with a remainder of 1.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 1 to get 1.
Bring next digit (2) of the dividend behind the 1 and repeat the process: 12 / 8

Step 2:
8 goes into 12 1 times with a remainder of 4.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 8 from 12 to get 4.
Bring next digit (7) of the dividend behind the 4 and repeat the process: 47 / 8

Step 3:
8 goes into 47 5 times with a remainder of 7.
Write down 5 as next digit of of the result. 
Result so far: 15
Subtract 40 from 47 to get 7.
Bring next digit (0) of the dividend behind the 7 and repeat the process: 70 / 8

Step 4:
8 goes into 70 8 times with a remainder of 6.
Write down 8 as next digit of of the result. 
Result so far: 158
Subtract 64 from 70 to get 6.
Bring next digit (7) of the dividend behind the 6 and repeat the process: 67 / 8

Step 5:
8 goes into 67 8 times with a remainder of 3.
Write down 8 as next digit of of the result. 
Result so far: 1588
Subtract 64 from 67 to get 3.

The final result is 1588 with a remainder of 3.