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In this lecture, Jennifer Bailey demonstrates how to add titles and subtitles, use the merge and center option, embolden, underline, center, change color, and wrap text in a spreadsheet. To enter information, click on the desired cell and a black box appears. Bailey puts the title "Timesheet" in cell A1, showing that edits can be made in both the cell and the formula bar. This allows for easier editing, especially when dealing with a large amount of information.