Microwave: In a mixing bowl, pour milk over bread and let stand 1 minute. Add meat, onion, parsley, salt, garlic powder and black pepper; mix well. Roll into 1 inch size balls; place in a 2 quart microwave safe dish. Cover and cook on High for 6 to 8 minutes or until done; drain. Blend ketchup with preserves, mustard, vinegar and red pepper sauce. Combine sauce, beans and meatballs. Cover and cook on High for 2 to 3 minutes or until heated through.
Makes 6 to 8 servings.