Spries invisible when created

I just downloaded the new version of unity, and I came across a problem. Whenever I would create a new 2D sprite, using the GameObject, 2D Object, Sprite path, it is both invisible to the camera and the editor. I have already tried changing the Z-Dimension of both the sprite and camera, as well as changing the color and opacity. I am still new to Unity, so is this a problem with the engine or have I just forgotten to add a component or something?

Thanks!

No sprite is assigned to the sprite you created, assign one. Sprites do not default to a white rectangle