Multiple Joins Formatting

SELECT ct.ordno AS "Order", c.armname AS "Customer", ct.ordamt AS "Total", (ct.ordamt - ct.costamt) AS "Margin", c.termscode AS "Terms", cc.approved AS "Approved?"
  FROM customer AS c
   JOIN ordrhist AS ct, accauth AS cc
      ON c.armacct = ct.acct_no, ct.ordno = cc.ordno
WHERE
ct.orddate = curdate() - 0 AND SUBSTRING(ct.status,1,1)<>'C'AND SUBSTRING(ct.status,2,1)='O' AND ct.hold <> 'Y' AND ct.complete <> 'I' AND c.termscode = 12
ORDER BY ordno

SELECT ct.ordno AS "Order"
     , c.armname AS "Customer"
     , ct.ordamt AS "Total"
     , ct.ordamt - ct.costamt AS "Margin"
     , 12 AS "Terms"
     , cc.approved AS "Approved?"
  FROM ordrhist AS ct
INNER  
  JOIN customer AS c
    ON c.armacct = ct.acct_no
   AND c.termscode = 12
INNER
  JOIN accauth AS cc
    ON cc.ordno = ct.ordno
 WHERE ct.orddate = curdate() - 0 
   AND SUBSTRING(ct.status,1,1) <> 'C'
   AND SUBSTRING(ct.status,2,1) = 'O' 
   AND ct.hold <> 'Y' 
   AND ct.complete <> 'I' 
ORDER 
    BY ct.ordno