SQL Formatting in PHP

formatting.php

$sql = "
  SELECT
    p.ID AS id,
    p.post_title AS name
  FROM
    $wpdb->posts p
    LEFT JOIN $wpdb->postmeta pm ON
      p.ID = pm.post_id
      AND pm.meta_key = %s
  WHERE
    p.post_type = %s
    AND p.post_status = %s
    AND pm.meta_value IS NULL
  ORDER BY
    p.ID DESC
  LIMIT %d
";

// and

$sql = "
  SELECT p.ID AS id,
         p.post_title AS name
    FROM $wpdb->posts p
         LEFT JOIN $wpdb->postmeta pm
           ON p.ID = pm.post_id
              AND pm.meta_key = %s
   WHERE p.post_type = %s
     AND p.post_status = %s
     AND pm.meta_value IS NULL
   ORDER BY p.ID DESC
   LIMIT %d
";