Word 2013 / Windows 7 How to place picture and text in table cell?

I'm trying to create a rather small label (1.25" x 0.69").
There will be a logo and some text.
I almost have it but the logo is taking up white space around it where I'd like the text to be.  
The logo itself doesn't have the white space but I can't get the text any closer to it....
Or, maybe, it's the text that has a margin relative to the picture?

In the attached file, there's a label with yellow highlighting.  This one is almost right but the text could be larger and not wrap the telephone number if it could get closer to the logo.
How to do that?
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Fred MarshallPrincipalAsked:
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to reduce the gap

Right-click the image

Format Picture / Layout /  Advanced

and reduce the margins

Santosh GuptaCommented:
(office 2013)
select the table, right click and go to table properties, now set the cell options.
Fred MarshallPrincipalAuthor Commented:
Rgonzo1971:  Thanks that part helped.

Now I'd like to move the text upward just slightly as the telephone number gets a bit covered up at the bottom by the frame these go into.

Here's another file.
HTML5 and CSS3 Fundamentals

Build a website from the ground up by first learning the fundamentals of HTML5 and CSS3, the two popular programming languages used to present content online. HTML deals with fonts, colors, graphics, and hyperlinks, while CSS describes how HTML elements are to be displayed.

Added a few points on the top margin of the picture
deleted the first paragraph
and added 4 point spacing before the text paragraph
Fred MarshallPrincipalAuthor Commented:
Rgonzo1971: Thanks.  Now I'm trying to learn how to do that:
I can delete the leading paragraph mark OK.  
But, I'm not sure how to see the setting that adds points to the top margin of the picture.
And I don't see where there's 4 point spacing before the text paragraph.  e.g. I'd like to perhaps change it to 5.
top margin I said a few points because my version is in cm

but where you reduced the right margin you can add to the top margin of the picture

for the space before paragraph

goto / Home / Paragraph click the little arrow downwards bottom right

Paragraph Spacing before adjust there

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Fred MarshallPrincipalAuthor Commented:
Thank you!
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