124 ÷ 5 = 24 R4
Alright, let's work through the division of 124 by 5 step by step.

Step 1:
5 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 / 5

Step 2:
5 goes into 12 2 times with a remainder of 2.
Write down 2 as next digit of of the result. 
Result so far: 2
Subtract 10 from 12 to get 2.
Bring next digit (4) of the dividend behind the 2 and repeat the process: 24 / 5

Step 3:
5 goes into 24 4 times with a remainder of 4.
Write down 4 as next digit of of the result. 
Result so far: 24
Subtract 20 from 24 to get 4.

The final result is 24 with a remainder of 4.