Easy Malasadas (Hawaiian Doughnuts)

Ingredients 
1½ cups Bisquick
¾  cup milk (can use evaporated milk)
¼  tsp. vanilla
½ tsp. baking powder
6-8 slices white bread, broken into small pieces
1 egg
Cinnamon and sugar mixture 
Oil for frying

Instructions 
Heat oil to 375°F (190°C).

With a wire whisk, blend the baking soda into the Bisquick. Add the bread pieces and mix together. Whisk together the milk, vanilla, and egg. Pour the wet mixture over the dry ingredients and mix together thoroughly. It will be thick. 

With two spoons, compact about a golf-ball sized amount of dough and drop it into the oil. Fry 3-4 four at a time until golden brown, turning once. Remove from oil, and drain on paper towels. Roll in cinnamon and sugar mixture. Serve warm or cold. 

Note
One recipe is never enough, so I usually triple the recipe. These are the amounts:
4½ cups Bisquick
2¼ cups milk
¾ tsp. vanilla
1½ tsp. baking powder
18-24 slices bread
3 eggs