Hi Tanveer,
I hope you are still monitoring this forum and I am sorry that this is almost a year late. Are you still experiencing this problem? I just realized I was doing some development work in a Moodle 3.4 when I happended to read your post. Since I am in Moodle 3.4.9 I checked and can say that my teacher account does see the number of journal entries and the admin account sees them too.