We're dividing 470696 by 2 
We want to divide 470696 by 2.

Advancing to step 1:
2 goes into 4 2 times with a remainder of 0.
The number 2 becomes the next digit in our result. 
Result so far: 2.0
Deduct 4 from 4 and we're left with 0.
Take the next digit (7) from the dividend and append it to 0, then repeat: 7 / 2

Let's proceed to step 2:
If we divide 7 by 2, we get 3 and a remainder of 1.
Put 3 as the next digit of the answer. 
Result so far: 23.0
Subtracting 6 from 7 leaves us with 1.
Take the next digit (0) from the dividend and append it to 1, then repeat: 10 / 2

Going ahead to step 3:
The number 2 fits into 10 5 times, leaving a remainder of 0.
Write down 5 as next digit of the result. 
Result so far: 235.0
If we subtract 10 from 10, we get 0.
Bring next digit (6) of the dividend behind the 0 and repeat the process: 6 / 2

Advancing to step 4:
If we divide 6 by 2, we get 3 and a remainder of 0.
Write down 3 as next digit of the result. 
Result so far: 2353.0
The remainder is 0 after subtracting 6 from 6.
Take the next digit (9) from the dividend and append it to 0, then repeat: 9 / 2

Advancing to step 5:
2 can be fit into 9 4 times, resulting in a remainder of 1.
Put 4 as the next digit of the answer. 
Result so far: 23534.0
Subtract 8 from 9 to get 1.
Include the next digit (6) from the dividend after 1, then repeat: 16 / 2

Moving on to step 6:
2 goes into 16 8 times with a remainder of 0.
Record the quotient 8 as the next digit in the result. 
Result so far: 235348.0
Subtracting 16 from 16 leaves us 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 7:
0 divided by 2 is 0 with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 235348.0
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 8:
2 goes into 0 0 times with a remainder of 0.
Put 0 as the next digit of the answer. 
Result so far: 235348.0
Subtract 0 from 0 to 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.

In conclusion, the division gives 235348.0 with a balance of 0.0.