37723 ÷ 2 = 18861 R1
Alright, let's work through the division of 37723 by 2 step by step.

Step 1:
2 goes into 3 1 times with a remainder of 1.
Write down 1 as next digit of of the result. 
Result so far: 1
Subtract 2 from 3 to get 1.
Bring next digit (7) of the dividend behind the 1 and repeat the process: 17 / 2

Step 2:
2 goes into 17 8 times with a remainder of 1.
Write down 8 as next digit of of the result. 
Result so far: 18
Subtract 16 from 17 to get 1.
Bring next digit (7) of the dividend behind the 1 and repeat the process: 17 / 2

Step 3:
2 goes into 17 8 times with a remainder of 1.
Write down 8 as next digit of of the result. 
Result so far: 188
Subtract 16 from 17 to get 1.
Bring next digit (2) of the dividend behind the 1 and repeat the process: 12 / 2

Step 4:
2 goes into 12 6 times with a remainder of 0.
Write down 6 as next digit of of the result. 
Result so far: 1886
Subtract 12 from 12 to get 0.
Bring next digit (3) of the dividend behind the 0 and repeat the process: 3 / 2

Step 5:
2 goes into 3 1 times with a remainder of 1.
Write down 1 as next digit of of the result. 
Result so far: 18861
Subtract 2 from 3 to get 1.

The final result is 18861 with a remainder of 1.