We're dividing 264721 by 61 
We're looking to find how many times 61 goes into 264721.

Going ahead to step 1:
61 can be fit into 2 0 times, resulting in a remainder of 2.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
If we take 0 away from 2, we end up with 2.
Append the next digit (6) from the dividend to 2 and continue with: 26 / 61

Let's proceed to step 2:
61 can be fit into 26 0 times, resulting in a remainder of 26.
The next digit of our result is 0. 
Result so far: 0.0
If we subtract 0 from 26, we get 26.
Take the next digit (4) from the dividend and append it to 26, then repeat: 264 / 61

Step 3:
When dividing 264 by 61, we get 4 with a remainder of 20.
Use 4 as the next digit of our solution. 
Result so far: 4.0
The remainder is 20 after subtracting 244 from 264.
Grab the next digit (7) from the dividend, add it to 20, then carry on: 207 / 61

Step 4:
61 goes into 207 3 times with a remainder of 24.
Use 3 as the next digit of our solution. 
Result so far: 43.0
Deduct 183 from 207 and we're left with 24.
Append the next digit (2) from the dividend to 24 and continue with: 242 / 61

Moving on to step 5:
61 goes into 242 3 times with a remainder of 59.
The next digit of our result is 3. 
Result so far: 433.0
Deduct 183 from 242 and we're left with 59.
Fetch the next digit (1) from the dividend, attach it to 59 and continue: 591 / 61

Let's proceed to step 6:
The number 61 fits into 591 9 times, leaving a remainder of 42.
Put 9 as the next digit of the answer. 
Result so far: 4339.0
Deduct 549 from 591 and we're left with 42.
Since there are no more digits in the dividend, we add a zero to the remainder making it 420, and continue the process.

On to step 7:
61 can be fit into 420 6 times, resulting in a remainder of 54.
Record the quotient 6 as the next digit in the result. 
Result so far: 4339.6
Deduct 366 from 420 and we're left with 54.
Since there are no more digits in the dividend, we add a zero to the remainder making it 540, and continue the process.

Moving on to step 8:
61 can be fit into 540 8 times, resulting in a remainder of 52.
The number 8 becomes the next digit in our result. 
Result so far: 4339.68
If we take 488 away from 540, we end up with 52.
Since there are no more digits in the dividend, we add a zero to the remainder making it 520, and continue the process.

Going ahead to step 9:
When dividing 520 by 61, we get 8 with a remainder of 32.
Put 8 as the next digit of the answer. 
Result so far: 4339.688
If we take 488 away from 520, we end up with 32.
Since there are no more digits in the dividend, we add a zero to the remainder making it 320, and continue the process.

In conclusion, the division gives 4339.688 with a balance of 0.0032.