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\begin{array}{l}\phantom{120)}\phantom{1}\\120\overline{)7000}\\\end{array}
Use the 1^{st} digit 7 from dividend 7000
\begin{array}{l}\phantom{120)}0\phantom{2}\\120\overline{)7000}\\\end{array}
Since 7 is less than 120, use the next digit 0 from dividend 7000 and add 0 to the quotient
\begin{array}{l}\phantom{120)}0\phantom{3}\\120\overline{)7000}\\\end{array}
Use the 2^{nd} digit 0 from dividend 7000
\begin{array}{l}\phantom{120)}00\phantom{4}\\120\overline{)7000}\\\end{array}
Since 70 is less than 120, use the next digit 0 from dividend 7000 and add 0 to the quotient
\begin{array}{l}\phantom{120)}00\phantom{5}\\120\overline{)7000}\\\end{array}
Use the 3^{rd} digit 0 from dividend 7000
\begin{array}{l}\phantom{120)}005\phantom{6}\\120\overline{)7000}\\\phantom{120)}\underline{\phantom{}600\phantom{9}}\\\phantom{120)}100\\\end{array}
Find closest multiple of 120 to 700. We see that 5 \times 120 = 600 is the nearest. Now subtract 600 from 700 to get reminder 100. Add 5 to quotient.
\begin{array}{l}\phantom{120)}005\phantom{7}\\120\overline{)7000}\\\phantom{120)}\underline{\phantom{}600\phantom{9}}\\\phantom{120)}1000\\\end{array}
Use the 4^{th} digit 0 from dividend 7000
\begin{array}{l}\phantom{120)}0058\phantom{8}\\120\overline{)7000}\\\phantom{120)}\underline{\phantom{}600\phantom{9}}\\\phantom{120)}1000\\\phantom{120)}\underline{\phantom{9}960\phantom{}}\\\phantom{120)99}40\\\end{array}
Find closest multiple of 120 to 1000. We see that 8 \times 120 = 960 is the nearest. Now subtract 960 from 1000 to get reminder 40. Add 8 to quotient.
\text{Quotient: }58 \text{Reminder: }40
Since 40 is less than 120, stop the division. The reminder is 40. The topmost line 0058 is the quotient. Remove all zeros at the start of the quotient to get the actual quotient 58.