We're dividing 940691 by 4 
We want to divide 940691 by 4.

Advancing to step 1:
When dividing 9 by 4, we get 2 with a remainder of 1.
The next digit of our result is 2. 
Result so far: 2.0
Subtracting 8 from 9 leaves us with 1.
Bring next digit (4) of the dividend behind the 1 and repeat the process: 14 / 4

On to step 2:
14 divided by 4 is 3 with a remainder of 2.
Write down 3 as next digit of the result. 
Result so far: 23.0
Subtracting 12 from 14 leaves us with 2.
Bring next digit (0) of the dividend behind the 2 and repeat the process: 20 / 4

On to step 3:
20 divided by 4 is 5 with a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 235.0
The remainder is 0 after subtracting 20 from 20.
Include the next digit (6) from the dividend after 0, then repeat: 6 / 4

Going ahead to step 4:
When dividing 6 by 4, we get 1 with a remainder of 2.
The next digit of our result is 1. 
Result so far: 2351.0
If we take 4 away from 6, we end up with 2.
Include the next digit (9) from the dividend after 2, then repeat: 29 / 4

Moving on to step 5:
29 divided by 4 is 7 with a remainder of 1.
Use 7 as the next digit of our solution. 
Result so far: 23517.0
Subtracting 28 from 29 leaves us with 1.
Include the next digit (1) from the dividend after 1, then repeat: 11 / 4

Going ahead to step 6:
11 divided by 4 is 2 with a remainder of 3.
Record the quotient 2 as the next digit in the result. 
Result so far: 235172.0
If we subtract 8 from 11, we get 3.
Since there are no more digits in the dividend, we add a zero to the remainder making it 30, and continue the process.

Step 7:
If we divide 30 by 4, we get 7 and a remainder of 2.
Write down 7 as next digit of the result. 
Result so far: 235172.7
The remainder is 2 after subtracting 28 from 30.
Since there are no more digits in the dividend, we add a zero to the remainder making it 20, and continue the process.

Step 8:
20 divided by 4 is 5 with a remainder of 0.
Record the quotient 5 as the next digit in the result. 
Result so far: 235172.75
If we subtract 20 from 20, we get 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 4, we get 0 with a remainder of 0.
The next digit of our result is 0. 
Result so far: 235172.75
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.

Let's proceed to step 10:
4 can be fit into 0 0 times, resulting in a remainder of 0.
Write down 0 as next digit of the result. 
Result so far: 235172.75
If we take 0 away from 0, we end up 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 235172.75 with a balance of 0.0.