Aligning text with image in same div

I'm having trouble figuring out how to perfectly align my text and image.

Examples:

Any help is appreciated!

<!-- begin snippet: js hide: false console: true babel: false -->

<!-- language: lang-css -->

.navbar .logo a {
  color: #ececec;
  font-size: 1.5rem;
  font-weight: 700;
}
.logo img {
  width: 30px;
}

<!-- language: lang-html -->

<div class="logo">
    <img src="img/favicon/favicon.png" alt="">
    <a href="#">LABFOLD</a>
</div>

<!-- end snippet -->

Use flex box to align them perfectly

<!-- begin snippet: js hide: false console: true babel: false -->

<!-- language: lang-css -->

.logo {
  display: flex;
  align-items: center;
  justify-content: center;
}

.navbar .logo a {
  color: #ececec;
  font-size: 1.5rem;
  font-weight: 700;
}

.logo img {
  width: 30px;
}

<!-- language: lang-html -->

<div class="logo">
  <img src="https://upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Image_created_with_a_mobile_phone.png/1280px-Image_created_with_a_mobile_phone.png" alt="">
  <a href="#">LABFOLD</a>
</div>

<!-- end snippet -->

You can use flexbox to do so:

.logo {
  display: flex;
  align-items: center;
}

I'd also add some right margin to the image so it's not sticking with the logo text:

.logo img {
  width: 30px;
  margin-right: 10px;
}