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Default IF Statement Modifications

Thank you TValko for this statement =IF(Sheet1!B7="H","JER",""). I am
wondering can it be modified to include the 4 following variations so that if
H, K, M, or P is entered into cell B7 the associated acronym will appear?

If K is entered in cell B7 on Sheet1 then SHJ will appear in J7
If M is entered in cell B7 on Sheet1 then MCJ will appear in J7
If P is entered in cell B7 on Sheet1 then NOP will appear in J7

 
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