58923 ÷ 8 = 7365 R3
Alright, let's work through the division of 58923 by 8 step by step.

Step 1:
8 goes into 5 0 times with a remainder of 5.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 5 to get 5.
Bring next digit (8) of the dividend behind the 5 and repeat the process: 58 / 8

Step 2:
8 goes into 58 7 times with a remainder of 2.
Write down 7 as next digit of of the result. 
Result so far: 7
Subtract 56 from 58 to get 2.
Bring next digit (9) of the dividend behind the 2 and repeat the process: 29 / 8

Step 3:
8 goes into 29 3 times with a remainder of 5.
Write down 3 as next digit of of the result. 
Result so far: 73
Subtract 24 from 29 to get 5.
Bring next digit (2) of the dividend behind the 5 and repeat the process: 52 / 8

Step 4:
8 goes into 52 6 times with a remainder of 4.
Write down 6 as next digit of of the result. 
Result so far: 736
Subtract 48 from 52 to get 4.
Bring next digit (3) of the dividend behind the 4 and repeat the process: 43 / 8

Step 5:
8 goes into 43 5 times with a remainder of 3.
Write down 5 as next digit of of the result. 
Result so far: 7365
Subtract 40 from 43 to get 3.

The final result is 7365 with a remainder of 3.