We're dividing 703217 by 50 
We want to divide 703217 by 50.

Let's proceed to step 1:
50 can be fit into 7 0 times, resulting in a remainder of 7.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 7 leaves us with 7.
Take the next digit (0) from the dividend and append it to 7, then repeat: 70 / 50

On to step 2:
50 goes into 70 1 times with a remainder of 20.
The number 1 becomes the next digit in our result. 
Result so far: 1.0
The remainder is 20 after subtracting 50 from 70.
Append the next digit (3) from the dividend to 20 and continue with: 203 / 50

Going ahead to step 3:
When dividing 203 by 50, we get 4 with a remainder of 3.
Record the quotient 4 as the next digit in the result. 
Result so far: 14.0
The remainder is 3 after subtracting 200 from 203.
Grab the next digit (2) from the dividend, add it to 3, then carry on: 32 / 50

On to step 4:
If we divide 32 by 50, we get 0 and a remainder of 32.
The next digit of our result is 0. 
Result so far: 140.0
If we subtract 0 from 32, we get 32.
Take the next digit (1) from the dividend and append it to 32, then repeat: 321 / 50

Moving on to step 5:
50 can be fit into 321 6 times, resulting in a remainder of 21.
Put 6 as the next digit of the answer. 
Result so far: 1406.0
If we take 300 away from 321, we end up with 21.
Bring next digit (7) of the dividend behind the 21 and repeat the process: 217 / 50

Going ahead to step 6:
The number 50 fits into 217 4 times, leaving a remainder of 17.
The next digit of our result is 4. 
Result so far: 14064.0
Subtract 200 from 217 to get 17.
Since there are no more digits in the dividend, we add a zero to the remainder making it 170, and continue the process.

Moving on to step 7:
If we divide 170 by 50, we get 3 and a remainder of 20.
Write down 3 as next digit of the result. 
Result so far: 14064.3
Subtract 150 from 170 to get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Step 8:
When dividing 200 by 50, we get 4 with a remainder of 0.
The next digit of our result is 4. 
Result so far: 14064.34
Deduct 200 from 200 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 9:
When dividing 0 by 50, we get 0 with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 14064.34
The remainder is 0 after subtracting 0 from 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 10:
50 can be fit into 0 0 times, resulting in a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 14064.34
Deduct 0 from 0 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 14064.34 with a balance of 0.0.