The Acetyl CoA enters the Krebs cycle and has to combine with 4-carbon oxaloacetate (that will need to be regenerated), which forms citric acid. The Acetyl CoA is oxidized, 2CO2 is breathed out, and more electrons are ripped off and it is given to the electron carriers to form NADH and FADH2. ATP is produced through substrate-level phosphorylation.