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The editing and formatting options in Google Docs can be accessed from the toolbar above the document and the top menu bar. The available options in the toolbar and menu will depend on the selected content, such as text or images. To add text, insert the type cursor and enter desired text with formatting options like font, size, bold, italics, etc. Text styles like normal, title, subtitle, and headings 1-3 can also be configured for the document. Additional options include inserting links, comments, images, alignment, spacing, lists, and indentation. It is recommended to use text formatting for a visually appealing and organized document.