I am creating a tracker for my work time and I am getting fusterated at
creating this formula, any help would be apreciated:

PTO=P
Unpaid=U
Tardy Occurrence=T
Exhausted all PTO=EP
Specialized PTO=SP
Bereavement=B
Unscheduled PTO=UP
PTO Manager Override=MO
Floating Holiday=MO
Jury Duty=JD
FMLA=FM
NML=NM

These are the words I am working with, I need it to work like this:

if B2="UPAID" (is choosen from the list)THEN RETURN "U"in B3, IF B2="PTO",
THEN RETURN "P" in B3 .....ECT... This has to work all