7261 ÷ 8 = 907 R5
No problem, we've got 7261 and 8 for the division.

Step 1:
8 goes into 7 0 times with a remainder of 7.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 7 to get 7.
Bring next digit (2) of the dividend behind the 7 and repeat the process: 72 / 8

Step 2:
8 goes into 72 9 times with a remainder of 0.
Write down 9 as next digit of of the result. 
Result so far: 9
Subtract 72 from 72 to get 0.
Bring next digit (6) of the dividend behind the 0 and repeat the process: 6 / 8

Step 3:
8 goes into 6 0 times with a remainder of 6.
Write down 0 as next digit of of the result. 
Result so far: 90
Subtract 0 from 6 to get 6.
Bring next digit (1) of the dividend behind the 6 and repeat the process: 61 / 8

Step 4:
8 goes into 61 7 times with a remainder of 5.
Write down 7 as next digit of of the result. 
Result so far: 907
Subtract 56 from 61 to get 5.

The final result is 907 with a remainder of 5.