34703 ÷ 8 = 4337 R7
Let's divide 34703 by 8.

Step 1:
8 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 3 to get 3.
Bring next digit (4) of the dividend behind the 3 and repeat the process: 34 / 8

Step 2:
8 goes into 34 4 times with a remainder of 2.
Write down 4 as next digit of of the result. 
Result so far: 4
Subtract 32 from 34 to get 2.
Bring next digit (7) of the dividend behind the 2 and repeat the process: 27 / 8

Step 3:
8 goes into 27 3 times with a remainder of 3.
Write down 3 as next digit of of the result. 
Result so far: 43
Subtract 24 from 27 to get 3.
Bring next digit (0) of the dividend behind the 3 and repeat the process: 30 / 8

Step 4:
8 goes into 30 3 times with a remainder of 6.
Write down 3 as next digit of of the result. 
Result so far: 433
Subtract 24 from 30 to get 6.
Bring next digit (3) of the dividend behind the 6 and repeat the process: 63 / 8

Step 5:
8 goes into 63 7 times with a remainder of 7.
Write down 7 as next digit of of the result. 
Result so far: 4337
Subtract 56 from 63 to get 7.

The final result is 4337 with a remainder of 7.