Combine all ingredients except flour. Whisk until smooth.
Add flour and knead for 10 minutes.
Place in a greased, covered bowl and allow to rise for about an hour.
Roll out dough to ½ inch thick and cut out doughnuts.
Place cut doughnuts and doughnut holes on a greased plate. Cover and allow to rise in a semi-warm place until doubled in size (about 30 minutes).
Heat oil to medium heat (about 350 degrees). Fry each doughnut a minute or two on each side until cooked. Place on a plate with paper towels to drain.
Dip in glaze and allow to cool on a cooling rack.
